Systematic Financial Management LP Has $21.75 Million Stock Position in Kite Realty Group Trust $KRG

Systematic Financial Management LP lessened its position in shares of Kite Realty Group Trust (NYSE:KRG) by 2.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 885,797 shares of the real estate investment trust’s stock after selling 25,969 shares during the quarter. Systematic Financial Management LP’s holdings in Kite Realty Group Trust were worth $21,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cohen & Steers Inc. lifted its position in Kite Realty Group Trust by 26.3% in the fourth quarter. Cohen & Steers Inc. now owns 26,315,631 shares of the real estate investment trust’s stock worth $630,805,000 after purchasing an additional 5,486,116 shares during the period. Centersquare Investment Management LLC boosted its stake in Kite Realty Group Trust by 1.3% during the fourth quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock worth $197,436,000 after buying an additional 105,830 shares in the last quarter. Bank of America Corp DE increased its holdings in Kite Realty Group Trust by 6.9% in the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock valued at $142,009,000 after buying an additional 411,465 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Kite Realty Group Trust by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,897 shares of the real estate investment trust’s stock valued at $91,395,000 after buying an additional 93,580 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Kite Realty Group Trust by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock valued at $73,052,000 after buying an additional 165,889 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KRG has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Kite Realty Group Trust in a research note on Wednesday, July 15th. Piper Sandler reissued a “neutral” rating and issued a $33.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a research report on Tuesday. LADENBURG THALM/SH SH raised their price target on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.43.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $28.88 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day moving average price of $28.15 and a two-hundred day moving average price of $26.13. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $29.92. The firm has a market capitalization of $5.86 billion, a P/E ratio of 21.71, a P/E/G ratio of 4.14 and a beta of 0.85.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. The company had revenue of $200.70 million for the quarter, compared to the consensus estimate of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, analysts anticipate that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 9th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 87.22%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.